Overview

A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized. This modern take on an old Japanese saying still holds. The cryptocurrency was supposed to do for money what the Internet did for information, but it didn't work out that way. Its virtual existence unleashed real-world chaos-especially in the homeland of its mysterious creator, Satoshi Nakamoto. Tokyo was the center of the world's largest bitcoin exchange, Mt. Gox until that company collapsed with nearly half a billion dollars worth of bitcoin gone missing. It might be the greatest heist in history. If it was a heist. So what happened? Here's the true story of the humble-to-hot commodity, from the former geek website that launched the boom to an inside world of absent-minded CEOs, hucksters, hackers, cybercrooks, drug dealers, corrupt federal agents, evangelical libertarians, and clueless techies. You'll discover bitcoin's connection to the infamous Silk Road, learn why hell has nothing on Japan's criminal justice system, and get the lowdown on the high cost of betting with the devil's dollars. All of this for less than the price of a single bitcoin.

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